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i would say look at the performance of mr. monti and mr. berlusconi, you can't really say that mr. monti's performance is astonishing. we've had two crises during his office. of course, we cannot -- you cannot justify blame him. it's the legacy of the past when we had a crisis during the berlusconi government. having said that, i think the big sentiment here is that mr. monti had a widespread european recognition amongst leaders who arrest mr. monti in the late stage of his government did find some sort of -- i would say pressure from him, european leaders, to step down. >> we're starting to see a bid of would ittening. besides the debt market and the shares held outside the one, increasing corners are concerned. >> the statistics, i should point out that the ratio of holders of italian government debt has increased over the past 12 months. we are not where we were two years ago, not only in spain, but in italy. one of the few countries in the eurozone where the share of international investors, but i think if we were to talk about the flows, we should be looking more at france tha
i would say look at the performance of mr. monti and mr. berlusconi, you can't really say that mr. monti's performance is astonishing. we've had two crises during his office. of course, we cannot -- you cannot justify blame him. it's the legacy of the past when we had a crisis during the berlusconi government. having said that, i think the big sentiment here is that mr. monti had a widespread european recognition amongst leaders who arrest mr. monti in the late stage of his government did find...
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they're like the austerity measures and the reforms of the technocrats, mr. monti. they fear the return of politics as usual in italy. even if berlusconi is far behind in the polls, the very idea his attempt at come back has jangled nerves. >> the markets are shocked at the prospect that berlusconi would become prime minister again. he is responsible for the crisis in italy. he should enjoy his pension. the reforms have to go on. >> in this from the marketplace, there is not much enthusiasm for a return of mr. berlusconi. >> we italians need to worry, not because of the current crisis. more because this idiot berlusconi is around. i hope it's a good smashed in the face. -- i hope he gets a good smash in the face. >> but berlusconi is a formidable campaigner. he will tell people that he will ease their economic agony. he will cut their taxes. some, at least, will like the sound of that. >> modern technology has given us medical advances once never imagined. britain is starting an ambitious new project. 100,000 patients with serious diseases are going to have their dn
they're like the austerity measures and the reforms of the technocrats, mr. monti. they fear the return of politics as usual in italy. even if berlusconi is far behind in the polls, the very idea his attempt at come back has jangled nerves. >> the markets are shocked at the prospect that berlusconi would become prime minister again. he is responsible for the crisis in italy. he should enjoy his pension. the reforms have to go on. >> in this from the marketplace, there is not much...
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Dec 10, 2012
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>> i think mr. bersani will keep going on the route that monti vaeted. this is what we need for a strong europe. i do not think that berlusconi is a man we need to worry about. he is a man that is almost 80 years old and i don't really think that he has a significant appeal on the italian population. italians are smarter than that. they know that now the crisis is very deep and we need to pursue a different pathway than the one of dreams and fantasies that mr. berlusconi is usually telling people. they know these are just lies. >> coming back to bersani, you say that he will stick with the austerity drive. i'm wondering because marto monti's popularity has suffered over the last couple of weeks because the italian population is feeling the pain of austerity. will he have to backtrack somewhat on how harsh these austerity measures are going to be? >> the decreasing popularity of mr. monti is probably related to the fact that just in the last few weeks, people in italy had to pay for the first time a new tax on their home. obviously, particularly on the so
>> i think mr. bersani will keep going on the route that monti vaeted. this is what we need for a strong europe. i do not think that berlusconi is a man we need to worry about. he is a man that is almost 80 years old and i don't really think that he has a significant appeal on the italian population. italians are smarter than that. they know that now the crisis is very deep and we need to pursue a different pathway than the one of dreams and fantasies that mr. berlusconi is usually...
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Dec 12, 2012
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berlusconi and mr. monty. he agrees with mr. berlusconi on one thing. he says spreads are all just based on speculation. >> translator: the spread is completely detached from the real economy. the spread is mental hallucination created by speculation in the banking sector because half of the italian debt is owned by foreign banks. these banks try to get high rate in order to earn more. so we are a victim of banking speculation, of both foreign and domestic banks. we shall detach from the real economy. we need to stop this vicious cycle of debt that is strangling us. >> reporter: many would argue it's the right time for mario monty to leave the political scene. would you agree? >> translator: he needs to disappear. he was, as the americans say, a bluff, a bubble, a bankruptcy curator. our country went bankrupt last year. half of the debt was in french and german banks. had we gone bankrupt last year, europe would have ended. so they sent in monty to manage the situation in order for the german and french banks to get their money back. the ucb printed out
berlusconi and mr. monty. he agrees with mr. berlusconi on one thing. he says spreads are all just based on speculation. >> translator: the spread is completely detached from the real economy. the spread is mental hallucination created by speculation in the banking sector because half of the italian debt is owned by foreign banks. these banks try to get high rate in order to earn more. so we are a victim of banking speculation, of both foreign and domestic banks. we shall detach from the...
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monti has implemented over the last couple months. but is this concern actually warranted? well, if you speak to a number of analysts, well they'll say, no, because if you look at the opinion polls you'll see that the party which will most likely win, that's the democratic party. and he said, or the leader said, look, we're going to stick to the austerity measures that were implemented by monti. >> carolyn roth for us in rome tonight. coming up, jcpenney ringing up discounts. what this dramatic change in pricing strategy spells out for its ceo ron johnson and his future. and of course, the stock, we'll be right back. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. americans are always ready to work hard for a better future. since ameriprise financial was founded back in 1894, they've been committed to put
monti has implemented over the last couple months. but is this concern actually warranted? well, if you speak to a number of analysts, well they'll say, no, because if you look at the opinion polls you'll see that the party which will most likely win, that's the democratic party. and he said, or the leader said, look, we're going to stick to the austerity measures that were implemented by monti. >> carolyn roth for us in rome tonight. coming up, jcpenney ringing up discounts. what this...
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good afternoon welcome to capital account i'm laurin mr here in washington d.c. these are your headlines for monday december tenth two thousand while gold rises said some headlines today citing italian technocrat prime minister mario monti as plans to resign also expectations of easing regardless it was actually fairly so why has the yellow metal been trading sideways for pretty much the past year and a half as the s. and p. five hundred gained a very respectable twenty five percent we'll hear from commodities legend eric sprott about that and about silver too plus u.s. and u.k. regulators have reportedly published a joint paper they wrote about it on the pages of the op ed pages rather of the financial times to deal with too big to fail banks that need to while they held its first cross border plan it includes losses for shareholders removing senior management and converting debt into equity to provide capital now capital is one solution to mitigate the liability of massive credit expansion only we had hard money though we'll break that down for you one of the d
good afternoon welcome to capital account i'm laurin mr here in washington d.c. these are your headlines for monday december tenth two thousand while gold rises said some headlines today citing italian technocrat prime minister mario monti as plans to resign also expectations of easing regardless it was actually fairly so why has the yellow metal been trading sideways for pretty much the past year and a half as the s. and p. five hundred gained a very respectable twenty five percent we'll hear...